Jeffrey S. Edwards Purchases 13,200 Shares of ChoicePoint Inc. (CPS) Stock

ChoicePoint Inc. (NYSE:CPS) Chairman Jeffrey S. Edwards bought 13,200 shares of ChoicePoint stock in a transaction dated Wednesday, November 7th. The stock was purchased at an average price of $74.12 per share, with a total value of $978,384.00. Following the purchase, the chairman now directly owns 100,676 shares in the company, valued at approximately $7,462,105.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSE CPS opened at $73.34 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.67 and a debt-to-equity ratio of 0.80. ChoicePoint Inc. has a 52 week low of $68.32 and a 52 week high of $146.77. The stock has a market capitalization of $1.34 billion, a P/E ratio of 7.06 and a beta of 1.03.

ChoicePoint (NYSE:CPS) last announced its quarterly earnings data on Friday, November 2nd. The auto parts company reported $1.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.21 by ($1.16). ChoicePoint had a net margin of 4.31% and a return on equity of 22.00%. The company had revenue of $861.70 million during the quarter, compared to analyst estimates of $851.09 million. During the same quarter last year, the business earned $2.11 EPS. The firm’s revenue for the quarter was down .8% on a year-over-year basis. As a group, research analysts anticipate that ChoicePoint Inc. will post 10.26 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. lifted its stake in shares of ChoicePoint by 78.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 375,987 shares of the auto parts company’s stock valued at $49,130,000 after purchasing an additional 164,730 shares during the period. Rothschild Asset Management Inc. increased its holdings in ChoicePoint by 0.5% during the 2nd quarter. Rothschild Asset Management Inc. now owns 338,747 shares of the auto parts company’s stock valued at $44,264,000 after acquiring an additional 1,829 shares in the last quarter. Wells Fargo & Company MN increased its holdings in ChoicePoint by 4.1% during the 2nd quarter. Wells Fargo & Company MN now owns 244,506 shares of the auto parts company’s stock valued at $31,949,000 after acquiring an additional 9,719 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in ChoicePoint by 2.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 232,898 shares of the auto parts company’s stock valued at $30,433,000 after acquiring an additional 6,054 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in ChoicePoint by 4.8% during the 1st quarter. Principal Financial Group Inc. now owns 134,287 shares of the auto parts company’s stock valued at $16,492,000 after acquiring an additional 6,183 shares in the last quarter. Hedge funds and other institutional investors own 99.57% of the company’s stock.

CPS has been the subject of several recent analyst reports. Roth Capital set a $130.00 target price on shares of ChoicePoint and gave the stock a “buy” rating in a research note on Thursday, November 1st. Zacks Investment Research cut shares of ChoicePoint from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. Bank of America restated an “underperform” rating and issued a $77.00 target price (down previously from $90.00) on shares of ChoicePoint in a research note on Monday, November 5th. Buckingham Research cut shares of ChoicePoint from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $140.00 to $76.00 in a research note on Monday, November 5th. Finally, ValuEngine cut shares of ChoicePoint from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $104.25.

TRADEMARK VIOLATION WARNING: This report was reported by WKRB News and is the property of of WKRB News. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The correct version of this report can be viewed at https://www.wkrb13.com/2018/11/11/jeffrey-s-edwards-purchases-13200-shares-of-choicepoint-inc-cps-stock.html.

ChoicePoint Company Profile

Cooper-Standard Holdings Inc, through its subsidiary, Cooper-Standard Automotive Inc, designs, manufactures, and sells sealing, fuel and brake delivery, fluid transfer, and anti-vibration systems worldwide. It operates in four segments: North America, Europe, Asia Pacific, and South America. The company's sealing systems include dynamic and static seals, encapsulated glasses, stainless steel trims, flush glass systems, variable extrusions, and specialty sealing products.

Recommended Story: Why do companies engage in swaps?

Insider Buying and Selling by Quarter for ChoicePoint (NYSE:CPS)

Receive News & Ratings for ChoicePoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChoicePoint and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply